Which of the following statements is characteristic of inventory systems?

Question

Quizplus · Accepted Answer

The perpetual system allows for continuous tracking of inventory levels and provides real-time inventory data, making it easier to identify and control inventory. The periodic system requires a physical inventory count at the end of an accounting period to determine inventory levels, which can be time-consuming and may result in inaccuracies. The other statements are incorrect: inventory can be sold at any time under both systems, the cost to implement a perpetual system is often higher due to the need for technology and training, and while the perpetual system reduces the need for physical inventory counts, it does not eliminate them entirely.

Which of the Following Statements Is Characteristic of Inventory Systems